EOG Resources (NYSE:EOG) PT Lowered to $154.00 at UBS Group

EOG Resources (NYSE:EOG) had its target price reduced by UBS Group from $167.00 to $154.00 in a research report released on Wednesday, Benzinga reports. They currently have a buy rating on the energy exploration company’s stock.

EOG has been the subject of a number of other reports. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a market perform rating for the company in a report on Wednesday, July 17th. KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They issued an overweight rating and a $157.00 price objective for the company. Truist Financial decreased their price target on EOG Resources from $136.00 to $130.00 and set a hold rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $143.00 to $135.00 and set a neutral rating on the stock in a report on Thursday, September 12th. Finally, Scotiabank dropped their target price on shares of EOG Resources from $155.00 to $150.00 and set a sector perform rating on the stock in a research report on Friday, July 12th. Fourteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $142.89.

EOG Resources Trading Up 0.6 %

NYSE EOG opened at $126.01 on Wednesday. The company’s 50-day simple moving average is $125.65 and its two-hundred day simple moving average is $126.49. EOG Resources has a one year low of $108.94 and a one year high of $139.67. The company has a market capitalization of $72.42 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. EOG Resources’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that EOG Resources will post 12.2 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of EOG Resources

Several large investors have recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources in the 2nd quarter worth $30,000. Sachetta LLC purchased a new position in shares of EOG Resources during the 4th quarter worth $33,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of EOG Resources during the 2nd quarter valued at about $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.